TECHNICOLOR SIGNS NEW 9-YEAR, 53,000 SF LEASE AT METRO ATLANTA OFFICE PARK
February 01, 2021
Atlanta – Transwestern Real Estate Services (TRS) announces its Atlanta Agency Leasing team has negotiated a nine-year, 53,188-square-foot lease at 4855 Peachtree Industrial Blvd. in Norcross, Georgia, with Technicolor. The transaction, which brings the two-building, 163,231-square-foot office park to 92% occupancy, was the largest new lease completed in the Peachtree Corners submarket in 2020. Transwestern Senior Managing Directors Stephen Clifton and Zach Wooten provide exclusive leasing services for the property on behalf of owner Icarus Alternative Investments.
“Technicolor’s leadership was attracted to the office park’s high-quality, flexible ownership, and the ability to create a workplace environment that fosters talent retention and recruitment,” said Wooten.
To provide Technicolor with the amount of square footage the company needed, Transwestern identified an opportunity to reconfigure an existing tenant’s underutilized space. Transwestern successfully relocated the tenant to a right-sized office within the building and renegotiated the lease, adding five years to the term.
“We were able to meet the needs of both Technicolor and an existing tenant, providing each with the ideal amount of space that works for their circumstances while adding value to the landlord’s real estate investment,” said Clifton.
4855 Peachtree Industrial Blvd. is located within thriving Peachtree Corners, a sought-after submarket for relocations due to affordable commercial real estate costs, convenient access, and abundant area amenities. The office park is adjacent to Starbucks and Dunkin’ Donuts and minutes from Peachtree Corners Town Center and The Forum on Peachtree Parkway.
About Technicolor Connected Home
Technicolor partners with the world’s leading Service Providers to help them embrace the complex technologies needed to deliver seamless connectivity and premium entertainment experiences. Our Broadband solutions enable the fastest speeds, best-in-class coverage and embed the most innovative software to deliver multi-user gigabit services throughout the home. Our Video platforms allow for dynamic, branded user interfaces, popular applications, unique features and data analytics while ensuring the fastest time to market. With open innovation at the heart of everything we develop, we foster partnerships with a thriving ecosystem of innovative companies enabling our customers to bring an ever-growing number of value-added services to their subscribers.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.